TransDigm Group Incorporated (NYSE:TDG) Shares Sold by Legacy Advisors LLC

Legacy Advisors LLC trimmed its position in TransDigm Group Incorporated (NYSE:TDG) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 190 shares of the aerospace company’s stock after selling 12 shares during the period. Legacy Advisors LLC’s holdings in TransDigm Group were worth $243,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in shares of TransDigm Group by 97,711.9% in the fourth quarter. International Assets Investment Management LLC now owns 41,081 shares of the aerospace company’s stock worth $41,558,000 after acquiring an additional 41,039 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of TransDigm Group by 47.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 479 shares of the aerospace company’s stock worth $485,000 after buying an additional 155 shares in the last quarter. Truist Financial Corp raised its position in shares of TransDigm Group by 23.3% in the fourth quarter. Truist Financial Corp now owns 5,591 shares of the aerospace company’s stock valued at $5,656,000 after buying an additional 1,057 shares during the last quarter. Savant Capital LLC purchased a new position in shares of TransDigm Group in the fourth quarter worth about $646,000. Finally, Great Valley Advisor Group Inc. boosted its position in TransDigm Group by 10.9% during the fourth quarter. Great Valley Advisor Group Inc. now owns 664 shares of the aerospace company’s stock worth $672,000 after acquiring an additional 65 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TransDigm Group

In other news, insider Jessica L. Warren sold 925 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total transaction of $1,238,889.50. Following the sale, the insider now owns 50 shares of the company’s stock, valued at $66,967. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other TransDigm Group news, CEO Kevin M. Stein sold 10,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $1,228.24, for a total value of $12,282,400.00. Following the sale, the chief executive officer now owns 8,158 shares of the company’s stock, valued at approximately $10,019,981.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jessica L. Warren sold 925 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $1,339.34, for a total value of $1,238,889.50. Following the transaction, the insider now directly owns 50 shares of the company’s stock, valued at $66,967. The disclosure for this sale can be found here. Insiders sold 102,708 shares of company stock valued at $133,146,005 in the last 90 days. Company insiders own 4.96% of the company’s stock.

TransDigm Group Stock Performance

Shares of NYSE TDG traded up $8.84 during trading on Friday, reaching $1,373.21. The stock had a trading volume of 251,827 shares, compared to its average volume of 225,362. The business’s 50-day moving average price is $1,272.88 and its 200-day moving average price is $1,255.87. TransDigm Group Incorporated has a fifty-two week low of $802.46 and a fifty-two week high of $1,380.83. The company has a market cap of $77.05 billion, a P/E ratio of 54.47, a PEG ratio of 2.06 and a beta of 1.38.

TransDigm Group (NYSE:TDG) last issued its quarterly earnings results on Tuesday, August 6th. The aerospace company reported $9.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.77 by $1.23. TransDigm Group had a net margin of 21.83% and a negative return on equity of 66.70%. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the firm earned $6.55 earnings per share. The business’s revenue for the quarter was up 17.3% compared to the same quarter last year. Analysts forecast that TransDigm Group Incorporated will post 30.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on TDG shares. Northcoast Research started coverage on shares of TransDigm Group in a report on Thursday, August 1st. They issued a “neutral” rating for the company. TD Cowen lifted their price objective on TransDigm Group from $1,300.00 to $1,400.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Deutsche Bank Aktiengesellschaft raised their target price on TransDigm Group from $1,435.00 to $1,524.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Bank of America boosted their price target on shares of TransDigm Group from $1,310.00 to $1,460.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Susquehanna raised their price objective on shares of TransDigm Group from $1,200.00 to $1,250.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,422.94.

About TransDigm Group

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.